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Press Releases
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| FTI Consulting Hires Restructuring, Transaction, Tax and Valuation Experts
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Annapolis, MD
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October 30, 2003
FTI Consulting, Inc. (NYSE: FCN), the premier national
provider of turnaround, bankruptcy and litigation-related consulting services, today announced four
new senior-level hires at the company.
FTI announced that Steven Joffe joined the firm as senior managing director in its Business
Turnaround & Restructuring practice, Jeffrey Manning joined FTI Mergers & Acquisition Advisors,
LLC as senior managing director, Mark Springer joined as senior managing director in the Transaction
Advisory Services practice and Stuart Langner joined as managing director in its Forensic & Litigation
Advisory practice.
Commenting on the new appointments, Stewart Kahn, president of FTI Consulting said “We are
pleased that Steven Joffe, Jeff Manning, Mark Springer and Stuart Langner, each a professional of
outstanding experience and proven judgment, have joined FTI.”
“Their exceptional credentials in tax, transactions and valuation matters bring depth and insight into
our growing multifaceted consulting practice, adding to the unique resources and service we bring to
our clients nationwide,” said Mr. Kahn.
Steven Joffe joins FTI’s Business Turnaround & Restructuring practice from Metromedia Company
where he was the senior tax executive for one of the nation’s largest private investment companies and
had substantive responsibility for tax issues arising from all strategic acquisitions, dispositions and
daily operations of portfolio companies including public and privately traded corporations, general and
limited partnerships, and limited liability companies. A lawyer and tax specialist who has been
practicing for over 25 years, Mr. Joffe brings to FTI a unique combination of diversified experience in
private industry, public accounting, law firms and government. Mr. Joffe will lead FTI’s restructuring
practice’s tax advisory team from Saddlebrook, New Jersey.
Jeffrey Manning joins FTI Mergers & Acquisition Advisors, LLC from Legg Mason Wood Walker in
Baltimore where he was a managing director in that firm’s special situation practice. An expert in
distressed debt, private placements and bankruptcy, his previous experience includes senior positions
at Rodman & Renshaw, Inc. and Schroder Wertheim & Co., both in New York. Mr. Manning will
assist turnaround and restructuring clients and be based in FTI’s Washington, D.C. office.
Mark Springer joins FTI’s Transaction Advisory Services practice from KPMG’s Washington national
tax practice where he was partner-in-charge of the firm’s tax client service planning and development
group. In this role for more than 10 years, Mr. Springer was responsible for spearheading the
development of many of the firm’s new tax service offerings. Mr. Springer also brings considerable
experience in providing federal and state income and franchise tax consulting to a variety of corporate
and business entities across numerous industries. Based in Washington D.C., he will provide tax
related consulting services to FTI clients.
Stuart Langner joins FTI’s Forensic & Litigation Advisory practice from the New York office of
BearingPoint Inc. (formerly KPMG Consulting Inc.) where he was a managing director in the
valuation services group. Mr. Langner was responsible for the development and management of
business and asset valuation projects for international and domestic clients. His expertise includes
valuation of business enterprises, derivative securities, intellectual property in connection with mergers
and acquisitions, tax strategy, reorganizations and shareholder litigation. Mr. Langner will be based in
New York where he will provide valuation related consulting services to FTI clients.
About FTI Consulting
FTI Consulting is a multi-disciplined consulting firm with leading practices in the areas of turnaround,
bankruptcy and litigation-related consulting services. Modern corporations, as well as those who
advise and invest in them, face growing challenges on every front. From a proliferation of “bet-the-company”
litigation to increasingly complicated relationships with lenders and investors in an ever-changing
global economy, U.S. companies are turning more and more to outside experts and
consultants to meet these complex issues. FTI is dedicated to helping corporations, their advisers,
lawyers, lenders and investors meet these challenges by providing a broad array of the highest-quality
professional practices from a single source. |
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